HighPoint Advisor Group LLC bought a new stake in shares of Lloyds Banking Group PLC (NYSE:LYG) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 37,370 shares of the financial services provider’s stock, valued at approximately $142,000.
A number of other institutional investors have also recently bought and sold shares of LYG. Flagship Harbor Advisors LLC acquired a new stake in shares of Lloyds Banking Group in the 4th quarter worth approximately $132,000. Lake Street Advisors Group LLC acquired a new stake in shares of Lloyds Banking Group in the 4th quarter worth approximately $134,000. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Lloyds Banking Group by 144.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 35,688 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 21,084 shares during the period. Icon Wealth Partners LLC acquired a new stake in shares of Lloyds Banking Group in the 4th quarter worth approximately $143,000. Finally, Private Advisor Group LLC lifted its stake in shares of Lloyds Banking Group by 86.5% in the 3rd quarter. Private Advisor Group LLC now owns 43,851 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 20,336 shares during the period. 2.40% of the stock is owned by hedge funds and other institutional investors.
Shares of Lloyds Banking Group stock opened at $3.85 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.84. Lloyds Banking Group PLC has a fifty-two week low of $3.15 and a fifty-two week high of $4.21. The company has a market cap of $69,547.74, a P/E ratio of 18.33 and a beta of 0.81.
Lloyds Banking Group (NYSE:LYG) last released its earnings results on Tuesday, February 20th. The financial services provider reported $0.13 EPS for the quarter. Lloyds Banking Group had a net margin of 12.81% and a return on equity of 19.07%. The business had revenue of $12.88 billion for the quarter. analysts predict that Lloyds Banking Group PLC will post 0.41 earnings per share for the current fiscal year.
The firm also recently announced a semiannual dividend, which will be paid on Friday, June 8th. Investors of record on Friday, April 20th will be issued a $0.1141 dividend. This is an increase from Lloyds Banking Group’s previous semiannual dividend of $0.08. This represents a dividend yield of 6.01%. The ex-dividend date of this dividend is Thursday, April 19th. Lloyds Banking Group’s payout ratio is presently 66.67%.
A number of brokerages have recently weighed in on LYG. BNP Paribas lowered shares of Lloyds Banking Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 6th. Exane BNP Paribas lowered shares of Lloyds Banking Group from an “outperform” rating to a “neutral” rating in a research note on Monday, March 5th. Zacks Investment Research raised shares of Lloyds Banking Group from a “hold” rating to a “buy” rating and set a $4.25 price target for the company in a research note on Tuesday, March 6th. Morgan Stanley lowered shares of Lloyds Banking Group from an “overweight” rating to an “equal” rating in a research note on Wednesday, January 10th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Lloyds Banking Group in a research note on Monday. Six equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Lloyds Banking Group presently has an average rating of “Hold” and an average price target of $4.25.
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About Lloyds Banking Group
Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company’s main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. The Company’s segments are Retail, Commercial Banking, Consumer Finance, Insurance and Other.
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